BBB Foods Inc. $TBBB Shares Purchased by Seven Grand Managers LLC

Key Points

• Seven Grand Managers LLC increased its stake in BBB Foods Inc. by 100% in the first quarter, owning 250,000 shares worth approximately $6.67 million.
• Analysts have mixed views on BBB Foods, with Itau BBA upgrading its rating to "outperform" and setting a target price of $36.00, while Wall Street Zen downgraded it to a "sell" rating.
• BBB Foods recently reported a loss of $0.13 earnings per share, falling short of the expected loss of $0.04, and generated $1 billion in revenue for the quarter.

Seven Grand Managers LLC increased its stake in shares of BBB Foods Inc. (NYSE:TBBB - Free Report) by 100.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 250,000 shares of the company's stock after buying an additional 125,000 shares during the quarter. BBB Foods comprises about 1.6% of Seven Grand Managers LLC's holdings, making the stock its 23rd largest position. Seven Grand Managers LLC owned approximately 0.22% of BBB Foods worth $6,670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in TBBB. Mariner LLC acquired a new stake in BBB Foods in the fourth quarter valued at about $611,000. Gabelli Funds LLC lifted its position in BBB Foods by 3.7% in the fourth quarter. Gabelli Funds LLC now owns 56,000 shares of the company's stock valued at $1,584,000 after purchasing an additional 2,000 shares during the period. Capital Research Global Investors lifted its position in BBB Foods by 37.3% in the fourth quarter. Capital Research Global Investors now owns 5,330,214 shares of the company's stock valued at $150,738,000 after purchasing an additional 1,448,093 shares during the period. White Oak Capital Partners Pte. Ltd. acquired a new stake in BBB Foods in the fourth quarter valued at about $226,000. Finally, Hood River Capital Management LLC lifted its position in BBB Foods by 144.6% in the fourth quarter. Hood River Capital Management LLC now owns 13,176 shares of the company's stock valued at $373,000 after purchasing an additional 7,789 shares during the period. Institutional investors and hedge funds own 8.42% of the company's stock.

BBB Foods Price Performance

Shares of NYSE:TBBB traded up $0.29 during trading on Wednesday, hitting $25.92. 293,118 shares of the stock were exchanged, compared to its average volume of 617,050. The company has a fifty day moving average price of $26.15 and a two-hundred day moving average price of $27.12. The company has a market cap of $2.96 billion, a PE ratio of -324.00, a P/E/G ratio of 11.66 and a beta of -0.02. The company has a current ratio of 0.69, a quick ratio of 0.44 and a debt-to-equity ratio of 2.08. BBB Foods Inc. has a 12-month low of $23.00 and a 12-month high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.09). The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $17.98 billion. BBB Foods had a negative return on equity of 3.07% and a negative net margin of 0.19%. On average, analysts forecast that BBB Foods Inc. will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TBBB. The Goldman Sachs Group upgraded shares of BBB Foods to a "hold" rating in a research report on Wednesday, July 9th. UBS Group raised their price objective on shares of BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen downgraded shares of BBB Foods from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, BBB Foods presently has an average rating of "Hold" and a consensus target price of $33.17.

BBB Foods Company Profile

BBB Foods Inc, through its subsidiaries, operates a chain of grocery retail stores in Mexico. It offers household cleaning, personal hyenine, cosmetics and beauty, pharmacy, and general merchandise products, as well as jellies and desserts, foods and drinks, pet supplies, coffee, tea, chocolates, breads, dry and frozen foods, snacks and sweets, and toilet papers and napkins.